Don't Ignore This Chart!

Oracle stalls after surge

Oracle (ORCL) surged in mid February and then stalled over the last two weeks. The resolution of this consolidation will signal the next directional move. A break above resistance would be short-term bullish, while break below support would be bearish.

100305orcl Click this image for details
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus